Which of the Following Would Shift the AS Curve to the Right

question 169

Multiple Choice

Which of the following would shift the AS curve to the right?

• A) certain sources of oil become profitable to develop
• B) lower costs for those firms that use oil as an input
• C) lower costs to consumer to heat their homes
• D) Increased investment in developing the oil sands and offshore oil

Understand the basic characteristics and examples of different market structures including perfect competition, monopolistic competition, oligopoly, and monopoly.

Comprehend the role and impact of the Five Forces Model in determining the level of competition and profitability in an industry.

Identify the distinguishing characteristics of an oligopoly, including interdependence among firms and the ability to influence market prices.

Analyze the strategic behavior of firms within oligopolistic industries and the concept of contestable markets.

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